WASHINGTON--March 29, 2013: The
Association of Global Automakers (Global Automakers) and its member
companies are pleased that the Environmental Protection Agency (EPA)
released its proposed rules for Tier 3 vehicle emissions and gasoline
standards.

"We have been anxiously awaiting this rulemaking because it is good for
the environment and will help harmonize the federal and California programs for both vehicles and
fuels," said Michael J. Stanton, president and CEO of Global
Automakers.

Global Automakers believes the proposed EPA fuel standards are
especially important because a nation-wide supply of clean, ultra-low
sulfur gasoline will enable automakers to meet new and highly stringent
vehicle emissions standards, which are also included in the proposed rule
and expected to mirror the California LEV III standards. Ultra-low sulfur
gasoline is also critical to automobile manufacturer efforts to meet the
combined 54.5 MPG fuel economy and greenhouse gas emissions standard by
2025, as mandated by federal and California law. Additionally, the ultra-low
sulfur fuel will provide immediate, substantial public health benefits from
the existing legacy fleet of nearly 250 million vehicles. According to the
National Association of Clean Air Agencies, the impact on the legacy fleet
is equivalent in emissions impact to taking over 30 million vehicles off
the road.

"With 15 million new vehicle sales a year, automakers need predictable
national fuel quality at the retail pump," said Stanton. "Ultra-low
sulfur gasoline is already available in California, Europe, and Japan and will enable automakers to use a
broader range of technologies to meet the significant environmental
challenges facing the industry."